Straw Corp has an operating profit of $1,200 produced from $9,800 in sales.If Straw has no interest expense and currently pays 35% of its operating profits in taxes and $200 per year in preferred dividends,then what is Straw's net profit margin?
A) 5.92%
B) 7.96%
C) 7.960%
D) 10.20%
Correct Answer:
Verified
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